If Contracted parties discharge their obligations by doing what they respectively agreed to do: this is called discharge by <u>performance</u>
<h3>What is Discharge by performance?</h3>
Discharge by perfomance can be defined as the process in which a parties in a contract agreed to carryout or agreed to perform their duties based on the terms of their agreement.
By doing so the parties has fulfil their obligation based on their contract agreement which is know as discharge of performance.
Therefore this is called discharge by <u>performance</u>
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Answer:
Explanation:
Spin off can be defined as the splitting of the shares of an existing company in order to form an independent new entities as part of larger business.
In calculating the spill off value of a business ,the aggregate cost of the business is used and not the aggregate cost.
Workings
Shares stock acquired = 1,000
initial share price = $45
Total share value = 45*1000=45,000
Percentage split off to DEF= 5%
Value split off = 5%*45,000 =2,250
Percentage retained in ABC = 95%*5,000
=42,750
Answer:
2. Have both the buyer and seller sign required disclosures describing the designated sales agency relationship and stating that each the buyer and seller have assets of $1 million or more.
What is E-Commerce?
E-commerce, also referred to as electronic commerce, is the transfer of products and services as well as funds and data through an electronic network, most frequently the internet. These business transactions may be B2B, B2C, C2C, or C2B (business-to-business, consumer, or business-to-business). E-tail is another name for the transactional processes that make up online retail shopping. Online retail has grown dramatically over the past 20 years thanks to the widespread use of e-commerce platforms like Amazon and eBay. According to the U.S. Census Bureau, e-commerce accounted for 5% of all retail sales in 2011.
Main Content
C2C business is the exchange of goods and services among individuals, typically facilitated by a third party.
C2C refers to a market situation in which one customer purchases goods from another customer with the aid of a platform or business run by a third party. The sharing economy and e-commerce gave rise to a specific type of business model known as C2C companies.
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Answer:
If Kohlberg was correct about the six universal stages of moral development, a consequence of adults not passing beyond level 2 ( that is, following rules only if it is in their own interest but letting others do the same and conforming to secure rewards) results in;
a. managers may behave unethically since they haven't achieved moral maturity
Explanation:
The six universal stages of moral development conceived by Lawrence Kohlberg are a guideline of the different dimensions that an individual has to pass through to achieve moral maturity. Lawrence Kohlberg was inspired by the works of Jean Piaget while studying at Psychology at the University of Chicago. He theorized that moral reasoning which forms the foundation for ethical behavior can be categorized into six distinct development stages,namely;
1. Obedience and punishment orientation
2. Self-interest orientation
3. Interpersonal accord conformity
4. Authority and social-order maintaining orientation
5. Social contract orientation
6. Universal ethical principles
The above are all the levels involved in the universal development of morality. Each stage is important in the development of strong ethical principles of a person. When an adult doesn't go beyond a certain stage, there will be negative consequences in there personal life when faced with a moral dilemma. For example when one doesn't pass through the level dealing with self interest orientation, they will tend to behave unethically since they haven't passed through all the moral development stages. Such individuals are known as morally immature.